sovereign gold bonds sgb

How you came to know about SGB? @Just_talk

quantum wrote:

How you came to know about SGB? @Just_talk

just_talk wrote:
Aj Bank gya tha 🛵 udhar sai pata chala dost.

But kuch samaj nahi aya.

quantum wrote:
thoda youtoob dekho, thoda reasearch karo buddy
What can we say from such a starting?

• https://www.desidime.com/discussions/sovereign-...
• https://www.desidime.com/discussions/is-it-righ...
• https://www.desidime.com/discussions/sovereign-...
• https://www.desidime.com/discussions/sovereign-...
• https://www.desidime.com/discussions/how-to-inv...

quantum wrote:
thoda youtoob dekho, thoda reasearch karo buddy
What can we say from such a starting?

Brother I need a real life review, I'm away from the fake YouTube world.

I'm sure there are some or many dimers who hold such investments and they will definitely help.

You can get 2.5% interest paid every year on the amount invested, if luck works in your favour with gold rate increase at the time of redemption which is 8 years lock-in, you can get the benefit. There are lot of unknowns with a long lock-in period and gold rate already hovering at its peak since last few years.

just_talk wrote:

Brother I need a real life review, I'm away from the fake YouTube world.

I'm sure there are some or many dimers who hold such investments and they will definitely help.

Buddy, Atleast read the existing threads on DD and if questions arises, ask in that thread by tagging.

brucelee wrote:

You can get 2.5% interest paid every year on the amount invested, if luck works in your favour with gold rate increase at the time of redemption which is 8 years lock-in, you can get the benefit. There are lot of unknowns with a long lock-in period and gold rate already hovering at its peak since last few years.

There is no lock in period. You can always sell your holdings in secondary market

I have invested around 20 lakh in sovereign gold bond as it is a good debt option. lock in period(8 years) is good because it forces you to stay invested and not spend money on buying fancy cars ,tv, phones etc. it is better than FD but lockin is the issue.I think if you hold in demat format you can trade in share market but will attract capital gain tax.

another advantage is No Capital gain tax for individuals who holds the SGB tills maturity as it is exempt under section 47 of income tax act

but i will suggest you invest 70 % in MF and 30% in debts in which SVG can hold 5-10%.

my portfolio is giving 20% XIRR in MF. PM me for investment suggestions.

arko1983650 wrote:

I have invested around 20 lakh in sovereign gold bond as it is a good debt option. lock in period(8 years) is good because it forces you to stay invested and not spend money on buying fancy cars ,tv, phones etc. it is better than FD but lockin is the issue.I think if you hold in demat format you can trade in share market but will attract capital gain tax.

another advantage is No Capital gain tax for individuals who holds the SGB tills maturity as it is exempt under section 47 of income tax act

but i will suggest you invest 70 % in MF and 30% in debts in which SVG can hold 5-10%.

my portfolio is giving 20% XIRR in MF. PM me for investment suggestions.

which app this

raman12 wrote:

which app this

arko1983650 wrote:

I have invested around 20 lakh in sovereign gold bond as it is a good debt option. lock in period(8 years) is good because it forces you to stay invested and not spend money on buying fancy cars ,tv, phones etc. it is better than FD but lockin is the issue.I think if you hold in demat format you can trade in share market but will attract capital gain tax.

another advantage is No Capital gain tax for individuals who holds the SGB tills maturity as it is exempt under section 47 of income tax act

but i will suggest you invest 70 % in MF and 30% in debts in which SVG can hold 5-10%.

my portfolio is giving 20% XIRR in MF. PM me for investment suggestions.

InvestPotato wrote:
You have a portfolio of 3.5 cr?

arko1983650 wrote:
yes more than 4.5 cr including some stocks

InvestPotato wrote:
Wow!
Even after so much you still use desidime and so late in night?

So definitely you are an engineer.

I am a software engineer. Money I have i don't think of it as I have the money. still using 4 years plus asus rog phone 2(working perfectly except battery issue.). Only bought one luxury product, kind of my dream car (maruti brezza).

Living frugally is the way to go.  my motto never buy a phone more than your monthly salary. ideally it should be half .Iphone is for the rich no to look rich .Car should cost not more than 5% of your networth ,if you are buying any fancy car. basic car upto 6-8 lakh is ok if you need one.

P.S.-  I am not rich just upper middle class.

arko1983650 wrote:

I am a software engineer. Money I have i don't think of it as I have the money. still using 4 years plus asus rog phone 2(working perfectly except battery issue.). Only bought one luxury product, kind of my dream car (maruti brezza).

Living frugally is the way to go.  my motto never buy a phone more than your monthly salary. ideally it should be half .Iphone is for the rich no to look rich .Car should cost not more than 5% of your networth ,if you are buying any fancy car. basic car upto 6-8 lakh is ok if you need one.

P.S.-  I am not rich just upper middle class.

brucelee wrote:

You can get 2.5% interest paid every year on the amount invested, if luck works in your favour with gold rate increase at the time of redemption which is 8 years lock-in, you can get the benefit. There are lot of unknowns with a long lock-in period and gold rate already hovering at its peak since last few years.

Only lock in if you have physical bonds....credit SGB to your Demat account and you can sell them anytime

InvestPotato wrote:
Great. 

Can you tell us how to save this much money? 

Unless you have work ex of 10+ years. I don't think we can save this much. (May be you did not purchase any property then we might be able to save)

It due to real estate sale of my hometown property. I didn't earn through salary. I also have real estate worth of 5cr. I don't think of it as asset as I live in a flat worth 4 cr(had to buy it due to capital gain at 2 cr which increased to 4 cr in 2-3 years)

arko1983650 wrote:

It due to real estate sale of my hometown property. I didn't earn through salary. I also have real estate worth of 5cr. I don't think of it as asset as I live in a flat worth 4 cr(had to buy it due to capital gain at 2 cr which increased to 4 cr in 2-3 years)

4cr property

Mumbai flat rates are sky high

Btw, thanks for reality check - No one can save so much through salary (unless in high positions)

InvestPotato wrote:

4cr property

Mumbai flat rates are sky high

Btw, thanks for reality check - No one can save so much through salary (unless in high positions)